Rapid rise in the global demand for nuclear power is expected to boost the demand for nuclear power industry and thus nuclear power safety backup market. New programs developed by governments worldwide are estimated to propel the demand for nuclear power industry. Post-Fukushima, several governments have recommended installation of backup generators for nuclear power plants to guard against floods and tsunami. Increasing number of countries worldwide is introducing energy generation from nuclear power plants as a part of their generation mix. This is expected to boost the demand for nuclear power safety backup devices for nuclear power plant in the future.

The market for the global nuclear power plant safety backups can be segmented on the basis of the safety measures and geography. The global market for nuclear power plant safety backups on the basis of safety measures can be segmented as: a robust containment to prevent the release of radioactivity, a combination of active and passive to remove heat from the core of the reactor, and shutdown systems and thus shutdown the reactor safely.

The International Atomic Energy Agency (IAEA) safety standards are likely to fuel an additional demand for nuclear power plant safety backup worldwide. The safety standards establish fundamental safety measures, requirements and principles to control radiation exposure, to restrict the likelihood of events in the future. Moreover, the safety standards fundamental safety measures requirements and principles to control the release of radioactive material to the environment and to mitigate consequences of such events in the future is expected to boost the demand for nuclear power plant safety backups around the world.

The market for the nuclear power plant safety backup is rising and is expected to rise moderately in the future. The following underlying factors are the key drivers of growth in the global nuclear power plant safety backup market. The increasing share of nuclear power plants in the total power generation mix of the nations are the key drivers of growth in the global nuclear power plant safety backup market. Rapid rise in global demand for energy along with depleting fossil fuels is estimated to propel the demand for nuclear power plant safety backup measures and devices.

Increasing efforts by governments of both developing and developed nations to raise public awareness of safety tests and reassure them of the safety of both existing as well as proposed plants. Deteriorating support for nuclear in the countries (the U.S, Japan, France, Germany) could impede growth in the nuclear industry. However, IAEA’s safety standards are anticipated to boost the global demand for nuclear power plant safety backups.

The global market for nuclear power plant safety backup is expected to rise significantly in the future. North America and Europe are estimated to hold the considerable share of the nuclear power plant safety backup devices and equipments. Asia Pacific is one of the key players in the nuclear power plant backup market. The market is expected to register moderate to high growth in this region on account of increasing demand for nuclear power plants in China, India, and Japan among others.

Some of the key players in this industry segment include: Chubu Electric Power Company, Kansai Electric Power Company, Tohoku Electric Power Company, and Japan Atomic Power Company among others. The responsible agencies for the security of nuclear power plants include: International Atomic Energy Agency (IAEA), the Defense Nuclear Safety Regulator (DNSR), Australian Radiation Protection and Nuclear Safety Agency (ARPANSA), Office for Nuclear Regulation (ONR), and Atomic Energy Regulatory Board (India) among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Rest of the World

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

To receive discount, please click on the button below.

Please click on the button below to customize this report.

Upcoming Reports

Fuel cells are a type of electrochemical cell which helps to convert chemical energy into electricity through electrochemical reaction. Fuel cells require continuous flow of fuel and oxygen to operate the electrochemical reaction. These type of fuel ...

Demand for oil and natural gas is rising at a rapid pace due to the increase in consumption of energy. Transportation of these hazardous material is a big industry in itself. Pipelines is the commonly used method of transportation of these energy sou...

A pipe without any weld-joint or seam is called a seamless pipe. Seamless pipes finds application where strength, resistance to corrosion, and product life is crucial. A joint in any object is a plane of weakness, which may cause failure of the purpo...

Satellites are playing vital role in the oil & gas industry. Right from exploration of fossil fuel to production and transportation of crude oil, satellite services assist upstream, midstream, and downstream branches of the oil & gas industry...

Ring main unit is a gas-insulated compact switchgear unit that plays an important role in secondary distribution substations. It is used to provide uninterrupted power supply by making a ring of power supply so that in case of failure of the first so...